The 2013 balance sheet of marias tennis shop inc showed


The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $1.8 million, and the 2014 balance sheet showed long-term debt of $2.4 million. The 2014 income statement showed an interest expense of $551,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to stockholders for the year of $337,000. Suppose you also know that the firm’s net capital spending for 2014 was $851,000, and that the firm reduced its net working capital investment by $79,000.

What was the firm’s 2014 operating cash flow, or OCF? (Round final answer to the nearest whole dollar. Do not round intermediate calculations).

Request for Solution File

Ask an Expert for Answer!!
Risk Management: The 2013 balance sheet of marias tennis shop inc showed
Reference No:- TGS02741810

Expected delivery within 24 Hours